Gaither Charitable Foundation Inc
- Assets
- $6.7m
- Revenue
- $121.1k
- Investments
- $6.6m
- Employees
- 0
- Location
- Alexandria, IN
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 35-2020501
Organization Overview
Gaither Charitable Foundation Inc is located in Alexandria, IN. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaither Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gaither Charitable Foundation Inc generated $121.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $346.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gaither Charitable Foundation Inc has awarded 427 individual grants totaling $2,798,542. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Gaither Vice Preside | 10 | $0 | |
Gloria L Gaither Director | 5 | $0 | |
Barry W Jennings President | 5 | $0 | |
Gina Brisco Secretary/tr | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,812 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,415 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$255 |
| Other Income | $0 |
| Total Revenue | $121,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $70,209 |
| Contributions, gifts, grants paid | $275,890 |
| Total expenses and disbursements | $346,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,982 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,506 |
| Total assets | $6,722,204 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gaither Charitable Foundation Inc has awarded $275,890 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $2,500 |
ALEXANDRIA COMMUNITY CENTER PURPOSE: GOLF SPONSORSHIP | $1,000 |
ALEXANDRIA ELK LODGE PURPOSE: GOLFIN' FOR CANCER | $350 |
ALEXANDRIA HISTORICAL SOCIETY PURPOSE: GENERAL SUPPORT | $2,500 |
ALEXANDRIA MAIN STREET PURPOSE: GENERAL SUPPORT | $500 |
ALEXANDRIA TOY DRIVE PURPOSE: GENERAL SUPPORT | $1,000 |